After being investigated by the sec for securities fraud, nikola motors has literally been going downhill from partnering, with top automobile executives to silencing critics. Nicolas executives have taken the fraud to the next level, yet despite this nikola motors, believe it or not, steals a valuation in the billions and the remaining shareholders are attempting to sell their stake right now. Even worse, nicolas exit plan does not just include the automakers executives. This billion dollar fraud is playing on a global scale, with large corporations like fidelity, blackrock, jp, morgan chase and barclays.

All of these large companies are also attempting to scale this fraud to the next level in order to chase a quick bag in this video. I'm gon na go over, who is remaining at nikola motors and how the remaining executives will exit this pump and dump within the next few months. Welcome to cas gaines academy, if you're new to the channel, please consider subscribing for more content like this and let's get right into it before we get into the exit plan. It's important to understand that this is actually a huge deal to put this into perspective.

Darionos was a medical thought that many will compare to nikola motors. The ceo elizabeth holmes promised a revolutionary blood analyzer that could analyze your body with a finger prick of blood. While homes was able to skim large companies like walgreens, they never reached the same scale as nikola motors at its highest valuation. Their nose was only worth nine billion dollars, whereas nikola motors was worth 34 billion dollars.

It's truly a miracle for nico's executives to scale this fraud at this level, but how did this company get here in the first place? In order to answer this, we need to backtrack to the founding of nikola motors in 2014 trevor milton the former executive chairman of nikola motors founded nikola motors, with the goal that quote-unquote literally revolutionized the trucking industry. He hired a man by the name of britain worthen as the chief legal officer and got started, creating nikola's business model. Two years later, trevor finally had his first product ready, except you couldn't really call it a product because it never existed the truck names. The nikola one would have a natural gas turbine to fuel a 320 kilowatt hour battery.

This truck would cost a total of 375 thousand dollars, but you have to put down a refundable, 1 500 deposit in order to pre-order the truck the first 5 000 pre-orders would be able to receive 100, 000 gallons of free natural gas, which made a lot of Sense for the buyer, assuming that the promise was legit for a refundable, 1 500 you'd be able to obtain 100, 000 gallons of free gas for free once you buy the truck unbeknownst to the large company that pre-ordered the truck. However, this was about to change in just six months. Trevor completely rewrote the business model and had the truck to be a hydrogen and electric semi-truck. He then used an electric cord to power, the interior in the demo and hit the natural gas turbine inside the truck.

So that people couldn't see it despite this, nobody noticed, because trevor milton claimed that the truck was a pusher. As we know now, this truck was never able to run on its own propulsion, isn't just a pusher like a lot of vehicles that they unveil or just vehicles that don't actually function? There's a fully functioning uh um, you know vehicle, which is really incredible. You can go through you. Can you know we can change out uh, pretty much everything we want.

All the temperatures. I mean this is a fully functioning vehicle. It's not just a it's, not just a pusher, that's what they call the in the automotive world, the vehicle that they just push and it doesn't move over the next four years. Nikola motors would continue to release these non-existent vehicles and, in 2020 trevor finally decided that it was time to cash out.

He sold. Seven million nikola shares at ten dollars a share totaling to 70 million dollars worth of stock. After that, trevor then used that money to purchase the most expensive mansion in utah for 32.5 million dollars, known as the riverbend ranch. The mansion was 16 800 square feet large on over 2 000 acres of land, with eight bedrooms and 8.5 bathrooms trevor finally achieved his dream to become a successful fraudster many funds quickly caught up to this red flag and sold their entire stake in nicola stock.

During this time there were actually 14 different funds that sold their entire stake in nikola motors. Yet, despite being caught, red-handed trevor milton and nicolas executive still wanted more money. The nicola executives needed the company to go ipo. However, they didn't meet the required financials to go.

Ipo using the traditional route, after all, they had no sales whatsoever unless you include trevor milton solar panels. This is where vecto iq acquisition comes into play led by steve, gursky. Vecto iq is a special purpose acquisition company that was more than willing to take nikola public. Essentially, how this acquisition company would work was that he would purchase nuclear motors from the private market and take it public shortly after this happened.

Large banks such as redbush jpmorgan chase and barclays flooded into the stock. On the other hand, at the same time, more and more people caught onto the fraud nikola claimed to have a revolutionary battery so superior that it would power tesla model 3 for 600 miles of range when the automaker had no battery patents, acquisitions, chemists or research reports. In addition, trevor also claims of groundbreaking hydrogen technology that would be cheaper than gasoline. A few months later, nikola partnered with gm to produce its hydrogen electric pickup truck.

The badger nikola gave gm two billion dollars with the stock for free in exchange for the rights to purchase gm's battery and hydrogen technology. This was an obvious fraud. Nikola claimed to have groundbreaking hydrogen and battery technology, but was still using gm's batteries and hydrogen fuel cells. A couple days later, the hindenburg report went public spearheaded by a man named nate.

The hindenburg report unveiled the secrets to the fraud that is nikola motors most famously. The report exposed the facts that nikola's video of its prototype truck the nikola one was rolling downhill rather than running on its own propulsion. I can't show you what the video looked like as i'll soon explain later, but this is essentially how it went huge shout out to green knight trading for making that video after a series of accusations trevor then stepped down from nicola. As the executive chairman, i made a video that covers all the accusations against nikola motors and trevor milton in depth, so check it out.

If you want to know more about what's going on now here we are the exit plan. After the hindenburg report revealed the false claims that nikola motor stated jp morgan chase somehow reiterated its buy rating. This made one, and only one aspect, clear chase, was in on the fraud, jpmorgan chase, owned, nikola stock and still owns it today. As a result, it would be in their best interest to issue a buy rating on nicola stock in order for them to profit.

In addition, the response of gm was similarly one-sided. Gm ceo, mary barra claims that she did her own due diligence and is now requesting more stake in nicola gm stake and nikola quickly fell from two billion dollars to 1.1 billion dollars. So, of course, the only logical decision from a greedy ceo's perspective is to obtain more free money. The fact that these major corporations are supporting an automaker that has already been proven to be a fraud truly shows the ethics of the underlying executives.

Nikola's remaining executives still have a large stake in nikola motors. That is worth millions, if not billions, of dollars. Funny enough, these executives are actually receiving more stock as a quote-unquote award for keeping the valuation of nikola motors at a certain level mark russell. The current ceo has received 600 000 shares.

That is worth 14.4 million dollars, as an award in total mark has over 41 million shares of nicola. That is worth roughly one billion dollars. You heard that right, one billion dollars kim brady, the cfo of nikola - has 7.6 million dollars worth of stock. As of this moment, and britain worthen, the clo has 7.2 million dollars of stock.

Yet this stock is worthless to them right now, because they can't sell their shares until december 21st, which is when the lock-up on their shares expire. Remember this date december 21st, as all of these shares would come flooding out into the market and the valuation of nicola will literally go downhill. All of these nuclear executives and large shareholders are desperately waiting for december 21st, so they could dump their shares on the open market and run away with hundreds of millions of dollars. Another strategy that nikola executives seem to be doing is to stay away from the media.

After all, from a retail or institutional investor's perspective, if nikola isn't on the media, this means that they are focused on delivering. This is clearly not true. Nicolas executives are waiting on their hundreds of millions of shares. As i speak over the past few days, neglect attempted to silence online critics such as sam alexander and tom nash.

Both of these youtubers have received copyright strikes for using footage of the nikola one in motion, despite the clip being used fairly when it comes to my channel, someone which could have been nikola has filed a privacy complaint on my video that ended up being rejected by A youtube manual review. I applaud whoever was reviewing that privacy claim, but the youtube striking issue still needs to be fixed. If nikola can willingly manipulate youtube's copyright strike, then there must be other fraudulent companies that are using the same tactic to silence critics just in case my channel gets taken down in the future. As i have multiple videos on this subject, please subscribe to my second channel and follow my twitter as well, which are both linked in the description below nicolas executives have decided that silencing critics is the way to secure their millions and billions of dollars worth of stock And because of that, this video could get taken down, keep that december 21st day in mind, because that is where everything will be destroyed for this fraudulent company.

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